Graham Capital Wealth Management LLC Purchases 312 Shares of Cheniere Energy, Inc. $LNG

Graham Capital Wealth Management LLC lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,086 shares of the energy company’s stock after buying an additional 312 shares during the period. Cheniere Energy comprises about 7.2% of Graham Capital Wealth Management LLC’s investment portfolio, making the stock its largest holding. Graham Capital Wealth Management LLC’s holdings in Cheniere Energy were worth $6,109,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Cheniere Energy by 27.6% in the 1st quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock valued at $301,804,000 after acquiring an additional 282,050 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new position in Cheniere Energy during the first quarter valued at approximately $529,000. Assetmark Inc. grew its stake in Cheniere Energy by 718.1% in the second quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock valued at $406,000 after purchasing an additional 1,465 shares in the last quarter. Trivium Point Advisory LLC increased its position in shares of Cheniere Energy by 38.6% during the 1st quarter. Trivium Point Advisory LLC now owns 28,029 shares of the energy company’s stock worth $6,486,000 after purchasing an additional 7,808 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Cheniere Energy by 3.3% during the 2nd quarter. QRG Capital Management Inc. now owns 39,440 shares of the energy company’s stock worth $9,604,000 after purchasing an additional 1,273 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LNG. Scotiabank decreased their target price on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating for the company in a research note on Thursday, November 13th. Jefferies Financial Group set a $290.00 price objective on shares of Cheniere Energy in a research report on Thursday, October 30th. BMO Capital Markets started coverage on shares of Cheniere Energy in a report on Friday, September 19th. They issued an “outperform” rating and a $268.00 target price on the stock. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $268.47.

Insider Activity

In other Cheniere Energy news, Director W Benjamin Moreland bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the transaction, the director directly owned 9,856 shares in the company, valued at approximately $2,052,216.32. This represents a 102.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is owned by corporate insiders.

Cheniere Energy Stock Performance

LNG opened at $208.27 on Friday. Cheniere Energy, Inc. has a 1 year low of $188.70 and a 1 year high of $257.65. The business has a fifty day simple moving average of $223.20 and a 200 day simple moving average of $231.15. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The company has a market capitalization of $44.83 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 6.08 and a beta of 0.36.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the prior year, the company earned $3.93 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.1%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, November 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.37%.

About Cheniere Energy

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.